CIB Market Risk Coverage - Associate
Aumni
Job Description
As part of Risk Management, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
As part of the Market Risk Coverage team, you'll engage in regular dialogue with trading desks and businesses regarding risk appetite, risk limits, and individual large and complex transactions. Our group has teams aligned to each entity and region, working closely with the Front Office, CFOs, CROs, and entity Finance and other support functions to ensure compliance with regulatory requirements and provide independent risk-return assessments to support business growth.
You'll manage the interface and relationship with local regulators around Market Risks, requiring an understanding and interpretation of local regulatory requirements and providing consistent responses to each of the individual regulators we interact with. Specifically for China, you'll be responsible for market risk oversight and control, establishing a cross-line of business framework for the measurement and control of market risks at the entity level.
Job Responsibilities
- Perform daily monitoring and analysis of risk exposures, understanding factors driving profits and losses affecting the trading portfolio.
- Actively engage with location trading desk managers to remain current on risks, business activity, exposures, material trade approvals, limits and etc.
- Establish and maintain a robust risk governance framework by setting and monitoring risk limits for the entity. Advise on trading limits and pre-trade approvals, offering analysis and commentary as needed. Support limit escalations and oversee key control processes.
- Conduct ad hoc risk scenario analysis for and respond to urgent requests from senior risk and trading management.
- Improve risk transparency, methodologies and reports by conducting deep-dives on various basis risks, curve risks, specific structure risks etc.
- Coordinate with FO, MO, Finance and Technology on projects relating to VaR, stress, risk reporting and interact extensively with technology support teams relating to methodology and infrastructure changes and improvements.
- Understand the regulatory requirements around Market Risk in China or APAC region. Effectively handle regulatory onsite and offsite inspections/examination.
- Participate in the location Risk Committee and relevant local governance meetings to cover changes in and understanding of risk profiles and any market risk issue arising.
- Support the APAC market risk team resiliency initiatives, which includes supporting the rest of the Asia Legal Entities in the regulatory deliverables and commitments.
Required qualifications, capabilities, and skills
- Minimum Bachelor’s degree
- At least 3 years’ experience in financial markets, previous trading or risk management experience preferred
- Strong knowledge of local financial markets and products, including derivatives.
- Strong analytical skills and highly numerate. Sound understanding of quantitative concepts relating to risk sensitivity, P&L explain, VaR and stress testing
- Familiar with Risk Management related to local regulations, risk control process and governance
- Lateral thinker committed to improving processes
- Detail-oriented with a focus on strong controls
- Effective stakeholder management and experience working across different businesses and culture
- Strong communication skills and high proficiency in written and spoken Mandarin Chinese required
About Us
About the Team
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